Waaree Energies shares surged over 5 percent on June 30 after the company announced that its US subsidiary has won a significant order for solar modules. The shares of the company were trading at around Rs 3,092 apiece in the morning.
Waaree Energies shares have now extended gains for the third consecutive session. The stock is currently one of the top gainers on the Nifty Midcap index.
In an exchange filing released in the post market hours of June 27, Waaree Energies announced that its wholly owned subsidiary, Waaree Solar Americas, has received an order for the supply of 540 MW solar modules. The company didn't name the customer, but said it was a renowned developer and owner-operator of utility scale solar and energy storage projects across the United States.
Waaree said that it will supply 270 MW solar modules in 2025, and the rest of the 270MW solar modules in 2027-2028 under the contract.
Waaree Energies share price history:
Waaree Energies shares have gained nearly 6 percent in the past one month, and over 8 percent in the past six months. The stock has gained over 32 percent in the past one year, but has fallen over 1 percent since its bumper listing in 2024.
The shares of the company have recovered nearly 66 percent from the 52-week low of Rs 1,863 apiece, which is had hit in April this year. The stock is however down over 17 percent from its 52-week high of Rs 3,743 apiece, which it had hit in November last year.
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